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andreev551 [17]
3 years ago
9

Question 11 (3 points)

Business
1 answer:
Korvikt [17]3 years ago
7 0

Answer:b

Explanation:

I think it is

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Miklos, who does not understand english, is asked by carl to sign a piece of paper that carl says is an application to open a ba
AlexFokin [52]
C) <span>fraud in the inducement.</span> is your answer. Hope this helps!
8 0
3 years ago
Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $18
Fantom [35]

Answer:

Levered, Inc. and Unlevered, Inc.

Equity shares in the Levered, Inc. represents a better value.

Explanation:

a) Data and Calculations:

                                          Levered, Inc.      Unlevered, Inc.

Debts at 8%                        65 million          $0

Outstanding shares           1.9 million          3.8 million

Market price per share     $98                    $71

Equity value                       $186.2 million    $269.8 million

Expected EBIT                   $18 million          $18 million

Interest ($65 million * 8%) $5.2 million       $0

Net income                        $12.8 million      $18 million

Earnings per share           $6.74                  $4.74

Dividends per share         $6.74                  $4.74

b) The value of the equity shares in the Levered Inc. would have increased more if both firms pay taxes because of the tax advantage gained by deducting interest expense from the earnings before taxes.  This shows that financial leverage increases the value of equity shares.

5 0
3 years ago
Which of the following is a false statement?
astraxan [27]

D) All states have a flat state tax.

8 0
2 years ago
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $9,500; acco
Pavlova-9 [17]

Answer:

$196,000

Explanation:

The question is to prepare the balance sheet of Bowler Corporation as at the end of 2021.

Balance Sheet is generally divided into Assets side (Non-Current and current) Liabilities (non-current and current) and the Stockholders equity. A good balance sheet should be as follows Asset= Liabilities + Equity

Bowler Corporation Balance Sheet as at 2021

Particulars                                            Amount($)                 Amount($)

Non-Current Assets

Equipment                                          210,000

Less: Depreciation                            <u> (78,000)    </u>                132,000

Current Assets

Cash                                                      9,500

Accounts receivable                            19,500

Inventory                                               <u>35,000</u>

Total Current Assets                                                             <u>64,000</u>

Total Assets                                                                          196,000

Liabilities and Equity

Current Liabilities

Accounts Payable                                 75,000

Salaries payable                                <u>    31,000</u>

Total liabilities                                                                         106,000

Equity                                                  

Common Stock                                      69,000

Retained earnings                                <u>  21,000</u>

Total stockholders' equity                                                        <u> 90,000</u>

Total Liabilities and Equity                                                     196,000

4 0
3 years ago
Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that
Sever21 [200]

Answer:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

Dr Plan assets - pension 411,400

Cr Service cost 245,000

Cr Interest 166,400

Explanation:

Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City

Since we are Assuming that the plan investments was $184,300 while the service cost component is the sum of $245,000, and interest on the pension liability is the sum of $166,400 for the year this means the Journal entries to record annual pension expense for the enterprise fund of Amherst City will be:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

(245,000+166,400)

Dr Plan assets - pension 411,400

(245,000+166,400)

Cr Service cost 245,000

Cr Interest 166,400

4 0
3 years ago
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